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  6. Lineage Acquires Turvo

M&A Deal Summary

Lineage Acquires Turvo

On June 1, 2022, Lineage acquired internet software and services company Turvo

Acquisition Highlights
  • This is Lineage’s 1st transaction in the Internet Software and Services sector.
  • This is Lineage’s 27th transaction in the United States.
  • This is Lineage’s 3rd transaction in California.

M&A Deal Summary
Date 2022-06-01
Target Turvo
Sector Internet Software and Services
Buyer(s) Lineage
Deal Type Add-on Acquisition

Target

Turvo

San Mateo, California, United States
Turvo is a real-time collaborative logistics platform. Turvo platform connects people and organizations across the supply chain, allowing shippers, logistics providers, and carriers to work together in real-time through cloud-based software and mobile applications. Turvo was founded in 2014 ad is based in San Mateo, California.

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Buyer(S) 1

Buyer

Lineage

Novi, Michigan, United States
Category Company
Founded 2012
Sector Real Estate
Employees26,000
Revenue 5.3B USD (2024)
DESCRIPTION

Lineage is a warehousing and logistics company built to deliver sophisticated, customized, and dependable cold supply solutions for a variety of customers worldwide. Lineage was founded in 2012 and is based in Novi, Michigan.

DEAL STATS #
Overall 42 of 47
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 31 of 36
State: California M&A 3 of 3
Country: United States M&A 27 of 28
Year: 2022 M&A 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Mandai

Singapore, Singapore

Mandai provides a one-stop hub for refrigerated food distribution with a full range of solutions including procurement, transport and warehousing. It has a fleet of refrigerated trucks and has a facility that can house 28,000 pallets. Mandai was founded in 2006 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 CSN

Nelson, New Zealand

CSN is an operator of a cold storage business that handles a wide range of goods; from marine, agricultural, and horticultural products to manufactured food and nutraceuticals, both in the export sector and for domestic and import markets. CSN is based in Nelson, New Zealand.

Buy -
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